Running a business means juggling a hundred things at once. Taxes don’t always get the attention they deserve, and that’s where business owners start missing out on deductions that could lower their tax bill. At Intentional Accounting, we see this happen all the time, and the good news is that many of the most valuable deductions are simple. You just have to know they exist.
Home Office Expenses
If you work from home, part of your rent or mortgage, utilities, and even internet may qualify as a deduction. The key is having a dedicated workspace used only for business. A small adjustment in how you track these costs can lead to real savings.
Mileage and Vehicle Use
Every client meeting, supply pickup, or business errand adds up. Tracking mileage consistently throughout the year can put hundreds of dollars back in your pocket. Apps make it easy, and the deduction rate changes annually, so it pays to stay current.
Business Software and Subscriptions
From QuickBooks to project management tools, monthly subscriptions are deductible business expenses. Many owners forget that these recurring charges count. If it supports operations, it should be recorded.
Professional Services
Payments to accountants, lawyers, consultants, designers, and marketers are all deductible. These expenses often slip through the cracks because owners assume they’re “extras,” but they qualify as essential services.
Meals for Business Purposes
Business meals can be deducted when you’re meeting with clients or discussing work. Keep notes or receipts of whom you met with and the purpose of the meeting. Small meals add up fast over the year.
Education and Training
Workshops, online courses, certifications, and industry events are deductible if they help you improve skills related to your business. Better skills mean better business, and the tax code rewards that.
Phone and Internet
If you use your phone or internet for work, a portion of those monthly bills can be deducted. Many business owners hesitate because these lines are mixed-use, but you can still deduct the business percentage.
Office Supplies and Equipment
Printers, paper, laptops, and even the chair you sit in qualify. Section 179 may also allow you to deduct the full cost of certain equipment in the year you purchase it.
The Bottom Line
Small businesses miss deductions because they don’t track expenses consistently or they wait until tax season to think about it. When you stay organized throughout the year, these deductions start working for you. A good accountant will help you catch what you’re missing and keep more money in your business where it belongs.
Ready to Save More This Tax Season?
Intentional Accounting helps small businesses uncover missed deductions, clean up their books, and build a smarter tax strategy. If you want to keep more of what you earn, reach out today and let our team do the heavy lifting.
